Income statement items Sales Cost of goods sold Depreciation Interest expense Net Income Number of shares Dividend per share $ 2,300,000 $ 1,200,000 $ 150,000 $ 200,000 $300,000 500,000 $0.40 Balance Sheet Items Net fixed assets Retained Earnings Total Equity $ 400,000 $7,800,000 $ 112,500,000 21. APT Inc's costs cost of goods sold varies directly with sales. For the next year, sales are projected to increase by 15 percent, and days inventory outstanding is projected to be 73 days. What would be the appropriate projection for inventory in 2020? $242,000 $186,000 $276,000 $194,000